Altman Z-Score for Hi-Crush Inc (NYSE:HCR) Might Be Troubling, Stock Close At $2.73

HCR
HCR

Hi-Crush Inc (NYSE:HCR)

June 13th, 2019

With markets going up Hi-Crush Inc closed Thursday up 14.23%, a $0.34 increase to close on $2.73. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.07.

HCR outperformed the rest of the Energy sector which went up 1.25% today.

Results from 12 analysts indicates that Hi-Crush Inc could rise quite a bit (16.05%).

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

Hi-Crush Inc Info

Hi-Crush Inc., together with its subsidiaries, provides proppant and logistics solutions to the petroleum industry in North America. The company offers raw frac sand used in hydraulic fracturing process for oil and natural gas wells. It owns and operates multiple frac sand mining facilities, which include a 971-acre facility with integrated rail infrastructure located in Wyeville, Wisconsin; a 1,187-acre facility with integrated rail infrastructure located in Eau Claire County, Wisconsin; a 1,285-acre facility with integrated rail infrastructure located in Blair, Wisconsin; and a 1,626-acre facility with integrated rail infrastructure located in Independence, Wisconsin and Whitehall, Wisconsin. The company also owns and operates a 1,226-acre frac sand reserve located near Kermit, Texas; and 12 terminal locations throughout Pennsylvania, Ohio, Texas, Colorado, and New York. It primarily serves pressure pumping service providers, and oil and gas exploration and production companies. Hi-Crush GP LLC operates as the general partner of the company. The company was formerly known as Hi-Crush Partners LP and changed its name to Hi-Crush Inc. in June 2019. Hi-Crush Inc. was founded in 2012 and is based in Houston, Texas.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Hi-Crush Inc’s score is 1.07) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

HCR daily update
HCR daily update

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